VSAC (Vision Sensing Acquisition) Operating Income : $-1.02 Mil (TTM As of Jun. 2024)

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What is Vision Sensing Acquisition Operating Income?

Vision Sensing Acquisition's Operating Income for the three months ended in Jun. 2024 was $-0.30 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 was $-1.02 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Vision Sensing Acquisition's Operating Income for the three months ended in Jun. 2024 was $-0.30 Mil. Vision Sensing Acquisition's Revenue for the three months ended in Jun. 2024 was $0.00 Mil. Therefore, Vision Sensing Acquisition's Operating Margin % for the quarter that ended in Jun. 2024 was %.

Vision Sensing Acquisition's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vision Sensing Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 was -7.09%. Vision Sensing Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was %.

Vision Sensing Acquisition Operating Income Historical Data

The historical data trend for Vision Sensing Acquisition's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Vision Sensing Acquisition Operating Income Chart

Vision Sensing Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Operating Income

-0.36

-1.63

-1.78

Vision Sensing Acquisition Quarterly Data
	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Operating Income	Get a 7-Day Free Trial							-0.82	-0.31	-0.25	-0.17	-0.30

Vision Sensing Acquisition Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.02 Mil.

Vision Sensing Acquisition (NAS:VSAC) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Vision Sensing Acquisition's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

	ROC % (Q: Jun. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2024 )	+	Invested Capital (Q: Jun. 2024 ))	/ count )
=	-1.184 * ( 1 - -16.08% )	/	( (20.257	+	18.539)	/ 2 )
=	-1.3743872	/	19.398
=	-7.09 %

where

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	16.617	-	2.973	-	( 0.002	-	max(0, 7.766	-	1.153	+	0.002	))
=	20.257

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	14.571	-	3.151	-	( 0.051	-	max(0, 8.391	-	1.272	+	0.051	))
=	18.539

Note: The Operating Income data used here is four times the quarterly (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Vision Sensing Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2024		Q: Jun. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.456	/	( ( (0 + max(-2.974, 0))	+	(0 + max(-3.111, 0)) )	/	2 )
=	-0.456	/	( ( 0	+	0 )	/	2 )
=	-0.456	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	-0.00099999999999989)	-	(2.973	+	0	+	0)
=	-2.974

	Working Capital		(Q: Jun. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.04)	-	(3.151	+	0	+	0)
=	-3.111

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Vision Sensing Acquisition's Operating Margin % for the quarter that ended in Jun. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	-0.296	/	0
	=	%

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Vision Sensing Acquisition Operating Income Related Terms

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Vision Sensing Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Vision Sensing Acquisition Corp (NAS:VSAC) » Definitions » Operating Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 SW 7th Street, Suite 500, Miami, FL, USA, 33130

Website

Vision Sensing Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Wolverine Asset Management Llc	10 percent owner	175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
Garry Richard Stein	director	FLAT LB, 6/F, TOWER 3, AMBER HEMERA, OF LOHAS PARK, 1 LOHAS PARK ROAD, TSEUNG KWAN O, NEW TERRITORIES K3 00000
Ma Hang Kon Louis	director, officer: CFO and Secretary	78 SW 7TH STREET SUITE 500, MIAMI FL 33130
Vison Sensing Llc	10 percent owner	78 SW 7TH STREET SUITE 500, MIAMI FL 33130
William Iv Welser	director	78 SW 7TH STREET SUITE 500, MIAMI FL 33130
George Peter Sobek	director, officer: Chairman and CEO	78 SW 7TH STREET SUITE 500, MIAMI FL 33130
Joseph Mitchell Magen	director	78 SW 7TH STREET SUITE 500, MIAMI FL 33130
So George Cho Yiu	other: managing member of owner	78 SW 7TH STREET SUITE 500, MIAMI FL 33130